What is obligation warehouse DTCC?
Obligation Warehouse (OW) is a non-guaranteed, automated service of NSCC that facilitates the matching of broker-to-broker ex-clearing trades and provides Members with the ability to track, manage and resolve their failed obligations in real-time.
What is NSCC and DTCC?
National Securities Clearing Corporation (NSCC) is a subsidiary of Depository Trust & Clearing Corporation (DTCC) that provides centralized clearing, risk management, information, and settlement services to the financial industry.
What is CNS DTCC?
See the latest news updates about DTCC CNS, an automated accounting system that centralizes settlement and maintains an orderly flow of security and money balances.
What DTCC means?
The Depository Trust and Clearing Corporation
The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets. The DTCC settles most securities transactions in the U.S.
What is ex clearing?
Ex-Clearing is a manual comparison process that is performed by the brokerage firm’s Purchase and Sales Department when the traded security does not meet the eligibility standards of the designated clearing corp.
What is a balance order trade?
The trade settlement instruction generated for a Non-CNS security is called a Balance Order. A Deliver Balance Order is issued to a firm that is a net seller of securities. Conversely, a Receive Balance Order is issued to a firm that is a net buyer of securities. Click here to see an example of a Balance Order.
Is DTCC a transfer agent?
DTC-Eligible Transfer Agents | DTCC Financial Agent Services.
What is CNS clearing?
KEY TAKEAWAYS. Continuous Net Settlement (CNS) is a settlement process used by the National Securities Clearing Corporation (NSCC) for the clearing and settlement of securities transactions. The main advantage of CNS is that it minimizes the exchange of securities between counterparties.
What is CNS brokerage?
The CNS Interface for prime broker is a settlement option that streamlines prime broker trade processing. The interface allows an executing broker to hand off a trade executed for a hedge fund to its prime broker for clearance and settlement.
Who owns DTCC?
Depository Trust & Clearing Corporation
| Type | Private |
|---|---|
| Owner | Banks, brokers |
| Number of employees | 4,300 |
| Subsidiaries | NSCC DTC FICC DTCC Deriv/SERV LLC DTCC Solutions LLC EuroCCP Ltd. DTCC Loan/SERV LLC Warehouse Trust Company LLC DTCC Derivatives Repository Ltd. |
| Website | www.dtcc.com |
What is contra firm?
A contra broker is a broker that is taking the opposite side of a transaction initiated by another broker. For example, in a transaction in which a broker wishes to sell securities to another broker, the buyer would be a contra broker for the purposes of that transaction.
